Michael Forman Sells 195,139 Shares of FS KKR Capital Corp. (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSK) CEO Michael Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FS KKR Capital Price Performance

NYSE FSK traded up $0.08 during mid-day trading on Monday, hitting $20.09. The stock had a trading volume of 946,693 shares, compared to its average volume of 1,458,118. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s 50 day moving average is $19.94 and its 200 day moving average is $19.62. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 8.41 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 EPS. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.64 dividend. This represents a yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s payout ratio is 106.67%.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of FS KKR Capital by 12.2% in the fourth quarter. UBS Group AG now owns 831,771 shares of the company’s stock valued at $16,610,000 after acquiring an additional 90,233 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of FS KKR Capital by 30.0% during the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after buying an additional 14,977 shares in the last quarter. United Advisor Group LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $2,916,000. Jump Financial LLC increased its stake in shares of FS KKR Capital by 106.4% during the fourth quarter. Jump Financial LLC now owns 268,800 shares of the company’s stock worth $5,368,000 after buying an additional 138,579 shares during the period. Finally, Private Advisor Group LLC raised its holdings in FS KKR Capital by 9.9% in the fourth quarter. Private Advisor Group LLC now owns 540,221 shares of the company’s stock valued at $10,790,000 after acquiring an additional 48,546 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on FSK. Wells Fargo & Company decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.